Illinois General Assembly - Illinois Compiled Statutes

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220 ILCS 30/3.4

(220 ILCS 30/3.4) (from Ch. 111 2/3, par. 403.4)

Sec. 3.4.

"Electric Cooperative" means (a) any not-for-profit corporation
or other person that owns, controls, operates or manages, directly or
indirectly, within this State, any plant, equipment or property for the
production, transmission, sale, delivery or furnishing of electricity and
(b) that either is or has been financed in whole or in part under the
federal "Rural Electrification Act of 1936" and the Acts amendatory thereof
and supplementary thereto, or is directly or indirectly caused to be
formed by any one or more such not-for-profit corporations or other persons
that is or has been so financed.

(Source: Laws 1965, p. 1206.)